First Quadrant L P CA Has $383,000 Position in Melco Resorts & Entertainment Limited (MLCO)

First Quadrant L P CA increased its position in shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,935 shares of the company’s stock after purchasing an additional 1,965 shares during the period. First Quadrant L P CA’s holdings in Melco Resorts & Entertainment were worth $383,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MLCO. AQR Capital Management LLC lifted its position in Melco Resorts & Entertainment by 329.2% in the third quarter. AQR Capital Management LLC now owns 33,598 shares of the company’s stock valued at $711,000 after acquiring an additional 25,770 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Melco Resorts & Entertainment in the third quarter valued at $1,157,000. Clearbridge Investments LLC lifted its position in Melco Resorts & Entertainment by 56,184.1% in the third quarter. Clearbridge Investments LLC now owns 932,627 shares of the company’s stock valued at $19,725,000 after acquiring an additional 930,970 shares during the last quarter. Private Trust Co. NA purchased a new stake in Melco Resorts & Entertainment in the fourth quarter valued at $176,000. Finally, PM CAPITAL Ltd purchased a new stake in Melco Resorts & Entertainment in the fourth quarter valued at $1,391,000. Hedge funds and other institutional investors own 33.09% of the company’s stock.

Shares of NASDAQ:MLCO opened at $26.62 on Monday. Melco Resorts & Entertainment Limited has a one year low of $15.33 and a one year high of $32.95. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.92 and a quick ratio of 0.90. The stock has a market capitalization of $13.16 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.62.

Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its earnings results on Tuesday, February 19th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Melco Resorts & Entertainment had a net margin of 6.81% and a return on equity of 13.92%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the company earned $0.17 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that Melco Resorts & Entertainment Limited will post 0.93 EPS for the current year.

A number of equities research analysts recently weighed in on MLCO shares. JPMorgan Chase & Co. boosted their price target on shares of Melco Resorts & Entertainment to $24.00 in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. TheStreet raised shares of Melco Resorts & Entertainment from a “c+” rating to a “b” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Melco Resorts & Entertainment from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, March 13th. Deutsche Bank set a $24.00 price target on shares of Melco Resorts & Entertainment and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, Nomura boosted their price target on shares of Melco Resorts & Entertainment to $27.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Melco Resorts & Entertainment has a consensus rating of “Buy” and an average price target of $27.80.

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About Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.

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Institutional Ownership by Quarter for Melco Resorts & Entertainment (NASDAQ:MLCO)

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